Investment sales

Hanley-Shadow-Center
IndianaInvestment salesNews

Hanley Investment Group Arranges Sale of Multi-Tenant Retail Center, Freestanding Starbucks in Terre Haute, Indiana

by Katie Sloan

Terre Haute, Ind. — Hanley Investment Group Real Estate Advisors has arranged the sales of a 41,663-square-foot retail center and a freestanding Starbucks Coffee location in Terre Haute. The properties are both portions of South Pointe Crossing, a retail center shadow-anchored by Kroger on U.S. Highway 41. Dylan Mallory of Hanley, in association with ParaSell Inc., represented the seller, Thompson Thrift Commercial, in both transactions. A private family office based in Erie, Pennsylvania, acquired the 2,212-square-foot Starbucks outparcel for $1.8 million. Drew Baldwin and Jake Duska of Baldwin Brothers Inc. …

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Hilltop-Retail
FinanceInvestment salesNewsWashington

NorthMarq Secures $2.5 Million Acquisition Financing for Retail Property in Metro Seattle

by Katie Sloan

Woodinville, Wash. — NorthMarq has secured $2.5 million in financing for the $6.9 million acquisition of Hilltop Retail Center, a 15,094-square-foot property located roughly 20 miles northeast of Seattle in Woodinville. The center was constructed in 2008 at 15610 Woodinville-Duvall Road and was fully leased at the time of sale. Bob Spiro and Scott Moline of NorthMarq secured the permanent-fixed loan, which features a 20-year term, on behalf of the undisclosed borrower through a life insurance company. 

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Mary-Brickell-Village_Miami
FloridaInvestment salesNews

Rockpoint, Ivanhoe Cambridge Sell Mary Brickell Village Mixed-Use Property in Miami for $216 Million

by Katie Sloan

Miami — Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village, a Publix-anchored mixed-use property in Miami’s Brickell district. RPT Realty purchased the 200,503-square-foot development for $216 million. Danny Finkle, Chris Angelone, Matthew Lawton, Eric Williams and Kim Flores of JLL represented the sellers in the transaction. Situated on 5.2 acres at 901 S. Miami Ave., Mary Brickell Village’s tenant roster includes Miami’s only LA Fitness Signature Club, as well as Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks Coffee, Massage Envy, Candela Gastro Bar and EWM Realty. The mixed-use …

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FloridaInvestment salesNews

SRS Brokers $7.4 Million Sale of Retail Property in South Florida Leased to Bank of America

by Katie Sloan

Plantation, Fla. — SRS Real Estate Partners has brokered the $7.4 million sale of Bank of America Plaza, a 13,000-square-foot retail building located at 7001 W. Broward Blvd. in Plantation. Situated in South Florida’s Broward County, the property was built in 2004 and leased to Bank of America. Brandon Woulfe of SRS represented the seller, an entity doing business as 7001 Plantation 2009 LP, in the off-market transaction. Don Ginsburg of Katalyst Real Estate represented the buyer, Barron Real Estate.

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Brook-Highland-Plaza
AlabamaGrocery-anchoredInvestment salesNews

JLL Brokers Sale of 594,466-Square-Foot Retail Center in Birmingham, Alabama

by Katie Sloan

Birmingham, Ala. — JLL Capital Markets has brokered the sale of Brook Highland Plaza, a 594,466-square-foot retail center located in Birmingham. The property was 98 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Lowe’s Home Improvements, Ashley Furniture, Goodwill, Ulta Beauty, Party City, Office Max, Michaels, Five Below, Club 4 Fitness and Petco. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, a joint venture between DRA Advisors and DLC Management, in the disposition of the property to …

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Oakhill-Village_Orlando
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 103,427-Square-Foot Shopping Center in Orlando

by Katie Sloan

Orlando, Fla. — Plaza Advisors has arranged the sale of Oakhill Village, a 103,427-square-foot shopping center located at the intersection of Hiawassee and Old Winter Garden roads in Orlando. An offshore investor doing business as Escape 22 Oakhill LLC purchased the center from an entity doing business as Oakhill Village Associates Ltd. for an undisclosed price. Built in 1989, Oakhill Village is situated on 11.4 acres about 10 miles northwest of Orlando International Airport. The property was 99 percent leased at the time of sale to tenants such as anchor …

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PEBB
Investment salesKansasNews

PEBB Enterprises, Contrarian Capital Sell Shopping Center in Suburban Kansas City for $16.8 Million

by Katie Sloan

Overland Park, Kan. — PEBB Enterprises and Contrarian Capital Management have sold the Pinnacle Village shopping center in the Kansas City suburb of Overland Park for $16.8 million. Cherry Hill Properties was the buyer. PEBB and Contrarian purchased Pinnacle Village in May 2018 and enhanced the 108,729-square-foot center through leasing activity and property improvements. DSW and Michaels are anchor tenants at the property, which was 90 percent leased at the time of sale. Additional tenants include Firehouse Subs, Goldfish Swim School and First Watch. Evan Halkias and Jeffrey Benz of …

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Valley-Crossing
Investment salesNewsNorth Carolina

JLL Brokers $20.7 Million Sale of Valley Crossing Shopping Center in Hickory, North Carolina

by Katie Sloan

Hickory, N.C. — JLL Capital Markets has brokered the $20.7 million sale of Valley Crossing, a 191,431-square-foot shopping center located in Hickory. The property was 98.2 percent leased at the time of sale to tenants including Academy Sports + Outdoors, Ollie’s Bargain Outlet, JOANN Fabrics and Craft, Harbor Freight Tools, Dollar Tree and American Freight Furniture. Valley Crossing was developed in 1988 and is located at 2154 US Highway 70 SE. Tom Kolarczyk and Brad Peterson of JLL represented the seller, an undisclosed public REIT, in the disposition of the …

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5899_Northwest_Highway-Crystal_Lake_IL
IllinoisInvestment salesNews

Greenstone Partners Arranges $3 Million Sale of Retail Center in Suburban Chicago

by Katie Sloan

Crystal Lake, Ill. — Greenstone Partners has arranged the $3 million sale of a nearly 12,000-square-foot retail property in the Chicago suburb of Crystal Lake. The building, located at 5899 Northwest Highway, is 77 percent occupied with two vacant units. Jason St. John and AJ Patel of Greenstone represented the seller, a local, private partnership. The duo also procured the buyer, a private partnership completing a 1031 exchange.

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Heritage-Park
CaliforniaGrocery-anchoredInvestment salesNews

First National Realty Acquires Heritage Park Shopping Center in San Francisco Bay Area

by Katie Sloan

Suisun City, Calif. — First National Realty Partners has acquired Heritage Park, a 167,000-square-foot shopping center located roughly 50 miles northeast of San Francisco in Suisun City. A 60,000-square-foot Raley’s anchor the center, which was home to tenants including Ace Hardware, AutoZone, Dollar Tree, Dunkin Donuts, Mariner Finance and H&R Block at the time of sale. The seller and terms of the transaction were undisclosed. 

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